Dubai: Fabtech Engineering, a steel fabrication specialist based at Dubai Industrial City, has entered a strategic agreement with French industrial leader Groupe M to accelerate innovation and sustainable development in the UAE's nuclear and sustainable energy sectors. The agreement was signed during a ceremony attended by Nicolas Niemtchinow, Ambassador of the French Republic to the UAE; Anouar Mekkas, Nuclear and Renewable Energy Adviser at the French Embassy in Saudi Arabia and the UAE; and, on behalf of Dubai Industrial City, Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group PJSC.
According to Emirates News Agency, Fabtech Engineering's Chairman, Dr. Harry Moraes, and Vice President of Business Development, Fabien Jeoffroy, signed the agreement with Groupe M's Chairman, Julien Monteiro, and Deputy CEO, Pierre-Laurent Buch. The companies will develop comprehensive engineering, manufacturing, and on-site products and solutions to support the nuclear and sustainable energy sector, contributing to the long-term goals of UAE Energy Strategy 2050.
Pierre-Laurent Buch, Deputy CEO at Groupe M, stated that the agreement opens doors to exciting new opportunities in the Middle East and builds upon the robust ties between the UAE and France. He noted that Fabtech's strong presence in Dubai Industrial City aligns with Groupe M's growth strategy, and they anticipate significant expansion in the region, particularly within the nuclear and new energy sectors.
Fabien Jeoffroy, Vice President at Fabtech, emphasized that the partnership represents a pivotal moment in their growth strategy. He highlighted Dubai Industrial City's infrastructure, including an excellent road network designed for efficient transport of large-scale components, as instrumental in their expansion journey. The focus will be on innovation, particularly within the burgeoning low-carbon nuclear energy sector, to support environmentally responsible industrial growth.
Fabtech's collaboration with Groupe M aims to address demand for locally sourced solutions and expedite site support operations. As part of the agreement, Fabtech plans to upgrade its existing 2.1 million square feet facility at Dubai Industrial City, in line with its commitment to sustainability and innovation.
Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group PJSC, emphasized the importance of nurturing homegrown knowledge for creating a vibrant and sustainable industrial sector. He noted that Dubai Industrial City's ecosystem is geared to support innovators and encourage collaborations such as this partnership. These strategic alliances contribute towards the visions of Operation 300bn, Make it in the Emirates, UAE Energy Strategy 2050, and Dubai Economic Agenda 'D33', reaffirming Dubai's and the UAE's leadership in the clean energy sector.